Investor Presentation
1H FY25
Civmec - Who We Are
Civmec is an Australian, multidisciplinary heavy engineering and construction company, providing high-quality, integrated services to the energy, resources, infrastructure,
marine and defence sectors.
Manufacturing
- Heavy engineering
- Off-sitemodular assembly and testing
- OEM material handling equipment
- Naval Shipbuilding
Construction
- Module installation
- Structural, mechanical, piping, electrical and instrumentation (SMPE&I)
- Electrical, instrumentation and control (EIC)
- Structural concrete works
- Site earthworks
Maintenance and Capital Works
- SMPE&I maintenance
- Civil concrete works
- Industrial insulation
- Rope access
- Heat resistant industrial linings
Energy
Resources
Infrastructure,
Marine & Defence
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 2 |
Over 15 Years of Engineering Success
Since our inception in 2009, Civmec has proudly delivered high-quality projects
across a range of sectors throughout Australia. What began in the energy and resources
sectors soon expanded into infrastructure, marine and defence.
Opened 29,300m2 | Completed delivery of | Officially opened head | Acquired riverfront | Completed delivery | SMPEI, fabrication and | Delivered Perth Kids' | Constructed new Port | Completed |
fabrication hall at | ACCROPODE II mass | office, launched | facility at Newcastle. | of Matagarup | communication work | Bridge (Koolangka | Hedland facility. | re-domicile to |
Henderson. | breakwater units. | in-house RTO. | Bridge. | for Mesa A & J. | Bridge). | Australia. |
2009 |
Revenue
2010 |
A$20m
2011 |
2012 |
2013 |
2014 | 2015 |
A$375m
2016 |
2017 |
2018 | 2019 |
A$702m
2020 |
2021 |
2022 |
2023 | 2024 |
A$1.03b
2025 |
Commenced | Civmec delivered a | Listed on the | Opened regional | Completed Optus | Listed on the | A complete range of | Completed | Completed the Boorloo | |
operations at | range of services for the | Singapore Exchange | facility in Gladstone, | Stadium Project. | Australian Securities | works for the Iron Bridge | 2,000-tonne shiploader. | Bridge project. | |
Henderson. | Wheatstone project. | (SGX). | announced expansion | Exchange (ASX). | Magnetite Project. | ||||
into defence sector. | |||||||||
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 3 | |||||||
Consistent Strong Returns
Revenue (A$) | EBITDA (A$) | NPAT (A$) | Dividend CPS (A$) |
1H | |||||||||||||||||||
2H | |||||||||||||||||||
384.7m | 378.3m | 506.6m | 39.5m | 51.3m | 56.1m | 61.1m | 28.1m | 29.4m | 32.5m | 3.0c | 3.5c | ||||||||
305.7m 339.8m | 389.3m | 418.9m | 492.3m | 502.9m | 34.3m | 43.3m | 53.0m | 59.6m | 52.9m | 15.0m 19.6m | 22.6m | 28.3m | 31.9m | 26.5m | 1.0c 1.0c | 1.0c2.0c | 2.0c | 2.5c | 2.5c |
FY21 | FY22 | FY23 | FY24 | FY25 | FY21 | FY22 | FY23 | FY24 | FY25 | FY21 | FY22 | FY23 | FY24 | FY25 | FY21 | FY22 | FY23 | FY24 | FY25 |
$502.9m $52.9m $26.5m 2.5c NPAT: Net Profit After Tax
EBITDA: Earnings Before
Interest, Tax, Depreciation
and Amortisation
CPS: Cents Per Share
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 4 |
Strong Balance Sheet
ASSETS
GROUP as at
31 December 2024 | 30 June 2024 |
A$'000 | A$'000 |
- Interim dividend declared of 2.5c, to be paid on 11 April 2025.
- Dividend payout ratio of 48%.
- Strong net assets of $497m.
- Net asset value per share of 97.9c per share.
- $104M of cash receipts in January 25.
- Increased conversion of Contract Assets to cash in 2H FY 25.
- Franking credit balance of A$57.5M.
Engineering Success
Current assets | Cash and cash equivalents | 37,006 | 88,457 | ||
Trade and other receivables | 97,080 | 94,602 | |||
Contract assets | 198,756 | 173,588 | |||
Other current assets | 2,727 | 1,393 | |||
Income tax receivable | 329 | - | |||
335,898 | 358,040 | ||||
Non-current assets | Property, plant and equipment | 531,565 | 532,840 | ||
Investment properties | 18,588 | 18,459 | |||
Intangible assets | 10 | 10 | |||
Deferred tax assets | 1,383 | 968 | |||
551,546 | 552,277 | ||||
TOTAL ASSETS | 887,444 | 910,317 | |||
LIABILITIES AND EQUITY | |||||
Current liabilities | Trade and other payables | 127,408 | 153,149 | ||
Contract liabilities | 55,042 | 49,292 | |||
Lease liabilities | 5,755 | 5,944 | |||
Borrowings | - | 8,000 | |||
Income tax payable | - | 7,462 | |||
Provisions | 15,961 | 18,455 | |||
204,166 | 242,302 | ||||
Non-current liabilities | Lease liabilities | 54,854 | 51,353 | ||
Borrowings | 60,000 | 56,000 | |||
Provisions | 646 | 493 | |||
Deferred tax liabilities | 70,454 | 71,951 | |||
185,954 | 179,797 | ||||
TOTAL LIABILITIES | 390,120 | 422,099 | |||
NET ASSETS | 497,324 | 488,218 | |||
Civmec Investor Presentation | |||||
1HFY25 Page 5 |
Strategically Located - Leveraging Our Facilities
for a Competitive Edge
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 6 |
Key Civmec Projects Completed or in Delivery During FY25
Port Hedland, WA
• | Newly constructed 5,000m2 facility | |
on 50,000m2 of land. | NT | |
• | Strategically located at the world's | |
largest iron ore export port. |
- Supporting process plant maintenance and capital works.
- Client engagement resulting in
Port Hedland | increased tendering pipeline and |
engagement. |
Port Hedland
22 | 9 | 17 | |||
8 | 29 | 23 | 36 | ||
26 | 24 | ||||
34 | 30 | 31 |
Gladstone
32 Gladstone
Gladstone, QLD
- Located on 34,000m2 land, with workshop/offices.
- Supporting process plant maintenance and capital works.
- Client engagement resulting in increased tendering pipeline and engagement.
Henderson (Head Office)
Henderson, WA (head office)
- Largest heavy engineering facility in Australia.
- 200,000m2 land with extensive wharf access.
- Over 100,000m2 of usable undercover area.
- Throughput capacity of 80,000 tonnes of steel
per annum.
Energy | Resources | Infrastructure, Marine & |
Defence |
QLD
WA | SA |
Henderson | 41 | NSW | |||||
19 | 21 | ||||||
(Headquarters) | 7 | 38 | 42 | ||||
10 | 11 | 27 | 28 | ||||
1 | 2 | 3 | 5 | 6 | 25 | ||
12 | 13 | 14 | 15 | 16 | ACT | ||
VIC
For Appendix of FY25 Key Projects see page 16
20 33 35
Newcastle
4 | 18 | 37 | 39 | 40 |
43
Newcastle
Newcastle, NSW
- One of the largest heavy engineering facilities on the east coast.
- 227,000m² of land with direct waterfront access.
- Throughput capacity of 25,000 tonnes of steel per annum.
TAS
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 7 |
Transformational Opportunity - Material Handling
Original Equipment Manufacturer
Civmec is the only Australian company that has a complete in-house balanced machines offering of: design - manufacturing - construction - maintenance - spares management.
Currently 3 machines at different phase of design or manufacture - Dalrymple Bay Shiploader, BHP Shiploader & Alcoa reclaimer.
There has been a strong response to Civmec's offering with collaboration via ECI and studies with a variety of clients.
We are aware of the requirement for a minimum of 30-40 new or major refurbishments required over the next 10 years.
Continued growth of design team with currently 60 designers and ongoing demand for more.
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 8 |
Update on Luerssen Australia HOA
Heads of Agreement for ownership transfer of Luerssen Australia from Luerssen to Civmec.
Civmec has made positive progress with the due diligence process. Transaction is subject to Commonwealth consent.
Civmec has recommenced ship building activites on the OPV program.
Enhancing the overall efficiency and effectiveness of the SEA 1180 project.
Estimated date for the transfer is set for 1 July 2025.
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 9 |
Western Australian Defence Opportunities
Fremantle Port
Garden Island | Civmec |
Fleet Base West
Investments in maritime capabilities for
sovereign security.
FY 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Later
Offshore Patrol Vessels 80 metres | |||||||||||||||||
6 required | |||||||||||||||||
Landing Craft (Heavy) 100 metres | |||||||||||||||||
(est) | 8 required | ||||||||||||||||
General Purpose Frigate 130 metres | |||||||||||||||||
(est) | |||||||||||||||||
8 required | |||||||||||||||||
Large Optionally Crewed Surface | |||||||||||||||||
Vessels (LOSV's) 70 metres (est) | 6 required | ||||||||||||||||
The Henderson precinct in Western Australia is being consolidated as per the Defence Strategic Review.
Civmec and Austal have an MOU to form a JV for the LAND8710 Phase 2 (Heavy) program.
The Australian government has annouced a multi-billion dollar investment program to expand Fleet Base West and the Henderson precinct.
Engineering Success | Civmec Investor Presentation | 1HFY25 Page 10 |